Trading Summary – TSX (February 16, 2004)
Toronto’s diversified miners joined the real estate sector in using red ink on Monday, falling 0.94 of a point to 2…
Articles by Northern Miner Staff
Breakwater eyes Myra Falls
Breakwater Resources (BWR-T) has agreed to acquire the Myra Falls zinc-copper mine on Vancouver Island from Swedish…
Manhattan takes Peruvian mine dispute to arbitration
Manhattan Minerals (MAN-T) is in the midst of selecting an arbitrator in its bid to regain its option to earn a 75%…
Anaconda Peru sells Magistral
Vancouver — Inca Pacific Resources (IP-V) will buy Anaconda Peru’s 51% interest in the Magistral copper-molybdenum project in Peru for US$2.1 million, boosting its stake to 100%.The deal has yet to b…
Udon not a done deal
With reference to your article on Asia Pacific Resources (T.N.M., Jan. 2-8/04), it is important to note that, according to the terms of the memorandum of understanding signed with China’s state-owned …
Canadian Stock Exchange Indices (February 16, 2004)
DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4HighLowTSX Composite8751.518695.208638.618548.41…
Broad market rises as golds and base metals heat up
With strong support from the resource sector, the S&P/TSX composite index jumped 90.81 points over the Feb. 4-10 report period to end the week at 8,751.51.Gold rose US$6.60 in overseas trading to sett…
Pipeline powers Royal Gold
A sliding-scale royalty at the Pipeline gold project in Nevada jumped to a higher rate late last year, enabling Royal Gold (RGL-T) to boost fourth-quarter earnings by 85%.The Denver-based company’s ne…
Producer and Dealer Prices (February 16, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1860/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Strong rand clips AngloGold’s profits
Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…
Gold-Ore eyes targets at Yuscaran
Vancouver — Gold-Ore Resources (GOZ-T) is preparing to drill its Yuscaran gold-silver project in eastern Honduras.The company can acquire the property from Breakwater Resources (BWR-T) by spending US…
Exchange Rates (February 16, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4US$ in C$1.32891.33041.32911.3319…